Happy New Year 2015

We are now on Version No.8. Let's see which bank is to be the first to offer 4.8% for 12 months FD Promo

Previous Threads

Original FD Thread
Fixed Deposit Rates in Malaysia V2
Fixed Deposits Rates in Malaysia V3
Fixed Deposit Rates in Malaysia V4
Fixed Deposits Rates in Malaysia V5
Fixed Deposits Rates in Malaysia V6.1
Fixed Deposit Rates In Malaysia V.7

Note: Please refer to Post#2 for latest FD Promos by BoomChaCha

Notice / Disclaimer:-
Call & Visit the respective banks for confirmation & latest promotion.
We are not liable to any misinformation which might cause any financial or opportunity loss (which include FD rates & any others information).

Malaysia Major Commercial Banks and Foreign Banks Fixed Deposit / Time Deposit Rates as of 18 October 2014.

Bank - FD rates for 1 month, 3 months, 6 months and 12 months.


Affin Bank - 3.25%, 3.3%, 3.40% and 3.7% (Revised 18/7/14)

Alliance Bank - 3.15%, 3.2%, 3.25% and 3.3% (Revised 21/7/14). FD Gold 12 months 3.40% (Interest paid monthly).

AmBank - 3.15, 3.2%, 3.25% and 3.35% (Revised 18/7/14)

Citibank - 2.95%, 3.10%, 3.10% and 3.20% (Revised 17/7/14)

CIMB Bank - 3.15%, 3.2%, 3.25% and 3.30% (Revised down 7/10/14)

Hong Leong Bank - 3.05%, 3.1%, 3.2% and 3.30% (Revised 16/7/14)

HSBC Bank - 2.90%, 3.10%, 3.15% and 3.25% (Revised 16/7/14)

Maybank - 3.15%, 3.20%, 3.25% and 3.30% (Revised 16/7/14)

OCBC Bank - 2.75%, 2.85%, 2.9% and 3.05%

RHB Bank - 3.15%, 3.20%, 3.25% and 3.45% (Revised 18/7/14)

Public Bank - 3.15%, 3.20%, 3.30% and 3.35%. PB Golden 50 Plus 12 months 3.45% (Revised 16/7/14)

Standard Chartered Bank - 2.95%, 3.10%, 3.15% and 3.25% (Revised 23/7/14)

UOB Bank - 3.05%, 3.10%, 3.10% and 3.30% (Revised 18/7/14)

Fixed / Time Deposit and Savings Account Promotions April, May, June and July 2015.
Please call the nearest bank to reconfirm the rates (go to the bank website for bank contact number where you can also get the contact number of the branch nearest to you) before going to the bank to check if promotions are still valid.


ALLIANCE BANK - Valid until 31 May April 2015.

Check with them if they are still offering FD Gold 4.2% for 12 months tenure. Minimum RM30K and for those above age 40 only.

For those who are into online banking, Alliance Bank offering 4.1% for 12 months - extended until 31 May 2015.


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CIMB - Valid until 31 May 2015.

3 months 3.9%
12 months 4.2%

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HONG LEONG BANK Islamic- Valid until 31 May



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HONG LEONG BANK - Valid until 30 June. Contributed by cybpsych

3-month @ 3.80% p.a. (3.85% p.a. for Priority Banking), min. RM10k fresh fund



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MACH by HLB - MACH 4% for their 9 Months FD online interest rates.



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OCBC BANK - Minimum Fresh Fund RM5K. Valid until 31 July 2015.

6 months - 4.0% NO stupid CASA thingy.
12 months - 4.2% NO stupid CASA thingy.

UOB BANK - Minimum Fresh Fund RM10K. Valid until 30 June 2015.
No Stupid CASA Requirements, No Step Up Rubbish and No need to have Savings or Current Account!

3 Months - 3.85% NO stupid CASA thingy.
6 Months - 4.05% NO stupid CASA thingy.
12 Months - 4.2% NO stupid CASA thingy.

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PUBLIC BANK - 2 Step Up Promos until 30 June 2015.
Please read the fine prints and understand them and do not complainif you get lower interest rates for subsequent rool over. However if the interest rate goes up, you'll be happy.





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BANK RAKYAT - NOT Eligible for PIDM

If you are willing to go deposit with a non PIDM member, then check out Bank Rakyat Deposit Account -i which is based on Islamic Principles and like all Islamic banks' products, the profit rate cannot be guaranteed.



Thanks to all members who highlighted that deposit more than RM5K with BR is now eligible for monthly dividend. However, please note that many members here reported that their monthly dividends were not be credited monthly but they have to call up BR staff to have it done manually every month!!!
Special thanks to bbgoat for reporting the tenure to be eligible for monthly dividend:
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For more Fixed Deposit Promotions and my comments on them, please click here to my FD Page. In my FD Page I also touched on Maybank Q-Cash where you can deposit your money short term ( minimum 1 day up to 29 days or more and earn "interest rate" similar to 1 Months FD's rate.

If you are new to Fixed Deposit or even a serious FD fan, click here to my article Get More FREE MONEY With The Right Fixed Deposit Promotions.

And if you want to know the quickest way get Fresh Fund to be eligible for Fixed Deposit Promotion without even leaving the bank where you are withdrawing your matured FD; click here to my article titled A Little Bit Of This and A Little Bit of That - Vol.1, Chapter IV. In this article I will show you how to be eligible for FD Promo with fresh fund using GIRO plus Current Account with Over Draft Facility (to be on the safe side). And the transfer fee may cost less than what your bank impose for a Banker's Cheque. Updated timetable for GIRO cut off time for same day transfer.

If you want to know more about the pros and cons of Statement Based FD versus Cert Type click here to my article A Little Bit Of This and A Little Bit Of That - Volume 1, Chapter VII. And the flip side of me telling you the pros and cons of Statement Based FD is that I have unintentionally taught an evil person how to con his parent(s) off their hard earned money! Plus why you should have money in FD, lots of it actually; instead of having so many properties which are not liquid and can't assist you to prolong your life. I will tell you how to get funds to pay for the mountain high hospital bills while your liveless body lay in the Intensive Care Unit.

This post has been edited by Gen-X: May 21 2015, 09:28 AM

FDMCGC - Fixed Deposit Musical Chair Gamers Club



FRMONBWFDP - Freaking Rich Members Or Not Bothered With FD Promotions but contributors to FD Thread

Bro, there are few set backs of HSBC Term Deposit Promo if purely to chase after FD Promo:

1. In order to enjoy HSBC TErmi Deposit Promos, usually need to open either HSBC Advance or Premier Banking Accounts.

2. One needs to maintain minimum AUM or else will be penalized. So got to waste time closing account after Term Deposit Promo ends. Make sure you don't get their FREE Premier Banking credit card as waste of time need to cancel also.

3. Most importantly, HSBC Term Deposit only applies to NEW customer(s). They never offer Term Deposit Promos to their existing customers.


To ALL:

I just published my article titled A Little Bit Of This and A Little Bit Of That - Volume 1, Chapter VII. As usual in my series of This and That, I cover many subjects and one of them this time around is about Statement Based Fixed Deposit versus Certificate Type Fixed Deposit. I will present to you the pros and cons of Statement Based FD (e.g. OCBC and UOB) versus Certificate Type FD (e.g. HLB and Maybank) and why the piece of paper given to you upon placement of a Statement Based FD is useless. How you may be “conned” of your hard earned money by someone you think you can trust. And the flip side of me telling you the pros and cons of Statement Based FD is that I have unintentionally taught an evil person how to con his parent(s) off their hard earned money! Plus why you should have money in FD, lots of it actually; instead of having so many properties which are not liquid and can't assist you to prolong your life. I will tell you how to get funds to pay for the mountain high hospital bills while your liveless body lay in the Intensive Care Unit.

Usually MBB FD Promos are over the counter. MBB eFD maybe like extra 0.1% sometimes.

And very seldom does MBB advertised their FD Promo at M2U because their Promo usually reach quota very fast and ends before the scheduled dateline.

So for all MBB fans, go check out the FD Promo at the bank or call the branch (and don't be surprised that many MBB staff are not aware of their own FD promos).

Bro, since last quarter, Alliance Bank also offering eFD Promo similar to over the counter.

Besides tbheng post above, bbgoat in V7 also mentioned interest credited into non-Islamic SA.

If any bank offer 4.8%, for 12 months then MBSB will be offering 5.8% for 60 months

Wah, many regulars here going for AmBank 3 years promo.

To ALL:

We are now in a similar position to that in 2008/2009 where we had a slow-down.

In mid 2008, banks were still offering FD about 4% interest rate (like what we have now). USD/MYR went above 3.5 (same thing now) and petrol went below USD60/barrel in 2009 (like what is happening now).

But by mid 2009, interest rates went below 2%!!!!

Below is what was posted by our President/CEO of FDMCGC MilesAndMore:



You can check FD interest rates between 2008 and 2011 at Original FD Thread.

Of course the plus side of having a recession/slow down for people with cash in FD is - opportunity to accumulate twice as much Maybank Shares (from previous high) at RM4. The last time MBB dropped to below RM4 was in 1999 (recession) and 2009 (slowdown)! Note - 10 years cycle to make 100% from MBB shares.

And if MBB does drop to below RM4, I will uplift/withdraw all my FD (well maybe not all but a substantial sum) and lose the miserable 4% interest rate and hope to earn 100% in few years time, orl maybe lose all

This post has been edited by Gen-X: Jan 3 2015, 01:07 PM

Bro, I also thinking if should go for more than 12 months. But thinking about it, nothing to be confused.

1. Lock in rates now. If rate go lower you'll be happy you did so.

2. If got opportunity to buy MBB at RM4, what the 4% penalty for premature withdrawal compare to the potential 100% gain

Bro, with crude oil price below USD60/barrel now, you think our debt going to increase or government going to revise the budget? Debt is suppose to be good to boost the economy

To ALL:

Anyway, I just updated my Fixed Deposit Page to include Hong Leong Bank Junior FD which actually cybpsych reported back in V7.



Hong Leong Bank Junior FD is supposed to be for kids. But the fact is that it is good for adults who are parents and even grandparents.

Click here to read my article The Best Savings Account in Malaysia for Children, Adults, Parents and Grandparents. In this article I mentioned that the Hong Leong Bank Junior FD is fantastic for seniors who have grandchildren. This is because HLB Junior FD offers better interest rates compared to their Senior FD Promo!!! And best of all, HLB Junior FD credit the interest monthly.

Bro, I was the one that mentioned it in 2012 when I published my article The Best Savings Account in Malaysia so that grandparents can get better interest rates compared to HLB Senior FD!!!.

II you had read my article, here's the link once again just in case you may want to waste your time- The Best Savings Account in Malaysia I mentioned my experience on what is needed for a grandpa to open a HLB Junior Account with his son and grandson/granddaughter (all surname the same). FYI, my dad opened a HLB Junior FD with me and my son AND it was addition to another two existing HLB Junior FDs I already had, i.e. one with the same branch (my money) and another one in a separate branch (my son's money).

However, I did highlight that I got no idea if HLB allows a grandpa to open a HLB Junior FD with his daughter and granddaughter (since surname not the same). Then again, I see no reason why it cannot be done since a grandpa can open joint account with the son and grandson/granddaughter.

Next time you go to HLB, talk to the service manager or branch manager. And if they still say cannot, ask them to check with HQ. Another tip- terminate the Junior Debit Card on the spot. If they say the debit card auto issued with the account, well let them issue and then you have the right to terminate it after they issue (but out of courtesy inform them in advance).


This post has been edited by Gen-X: Jan 4 2015, 11:28 AM

Bro, whenever you do post, I learn something from you

Yeah, you are right about PBB Step Up. I think MBB step up promos also same but their initial month(s) interest rates kind of low.

However, there is also a risk of getting lower interest rate in the case of PBB Step Up where it did mentioned in T&C that future rates are dependent on BLR (now is BR effective 1st January).

Anyway, with USD strengthening, gold price in terms of RM has increased 1% since 2nd Jan.

want to know which banks have total liabilities of RM2B which is only a part of 1MDB debts, click below:
http://www.themalaysianinsider.com/malaysi...m2-billion-debt

how come BR not in the picture, hahaha

Running to where bro?

I was told that OCBC no more 12 months promo but offering previous 12+1 months deal. I hate this type of odd month promo as it screws up my planning. Anyway, updated my Fixed Deposit Page just to state that OCBC FD Promos until 31 March.

Looks like for 12 months FD Promo UOB or PBB still the best.

Ramjade - government has started steps to contain outflow - click here to read article in MI. Next thing you know it might be like 1998/99 where we can only sent RM10K overseas!

Bro, how much you paid for the CIMB Banker's Cheque when you uplifted your FD (not from CASA)?

As for your experience with HLB, it's nothing new and it has been the case for years. Some bank need letter whereas some banks only need you to sign on their forms.

Example, for UOB, when I gave new instruction on my FD which was maturing, all I did was tell my RM what I wanted and she made me sign some forms.

gsc has posted many times before about giving instruction to OCBC if one is not around when their FD matures.

twl04046 - let me elaborate on the above two replies.

You can transfer funds electronically from Bank A to Bank B - but like Human Nature mentioned, you need a Current Account or Savings Account (CASA) with Bank B.

So if you have a Savings Account with Bank B, you can then open a NEW eFD account online and deposit your money into eFD without even stepping into Bank B.

However, if you want to open a NEW conventional Fixed Deposit account with Bank B over the counter, then of course your body needs to be at Bank B and sign some documents. Therefore what magika mentioned is correct. And most FD Promotions are over the counter and you need to be present.

Now, as for Fresh Fund requirement,some banks (e.g. UOB and MBB) that offer FD Promos do allow funds to be electronically transferred into a CASA be utilized for their FD Promos subjected that the money was credited into the CASA on the same day or just recently like a day or so. And once again, if you want FD Promo, your body needs to be in Bank B to give instruction to the teller.

This post has been edited by Gen-X: Jan 6 2015, 08:28 PM

Bros,

1. MBB 12 months Promo is step up.
2. MBB 4.12% Effective Interest Rate Promo until 9th January 2015.
3. Effective 10th January 2015 and valid till 31 January 2015, the Effective Interest for MBB 12 months reduced to 4.07%
4. The MBB 12 months 4.12% IS NOT UNTIL END OF YEAR!!!

To see details of the Step Up Interest Rates please click here to my FIXED DEPOSIT PAGE

hahaha, you are right for the MBB (not the 13th month but the 11th and 12th month), I copy and paste and wanted to change it but forgot Anyway, updated the info and thanks a lot for highlighting my error.

I got no idea about Admiral's source but the info on the OCBC posted at my blog was told to me by OCBC staff on 5th January 2015.

This post has been edited by Gen-X: Jan 7 2015, 09:46 PM

Wah, really unbelievable. First time I hear run of of FD account numbers, hahaha.

Actually, UOB changed their system more than 2 months ago, more like 6 months. When they first changed their system, many in previous thread complained about the long wait.

Bro, I had no problems getting new account numbers. Prior to their system update, I sat in front of the PB teller and they will let me choose the new FD account numbers. I don't know it's just me or what but when UOB updated their system, all my FD accounts ended with No.8 and the last 2 new joint accounts I opened also has ending with No.8 and I did not even ask for it (this time I just told my RM assistant I want to open account and I don't even need to go see the PB teller as she handled everything). And it took me less than 1 hour to get the accounts opened, getting the new numbers were not that long but had to sign this and that plus thumb print process. After signing the docs, handed cheque to my RM assistant and she returned with the FD placement acknowledgement copy. However, I only go to the bank after 3pm as there are less people around. Hate to go in the mornings.

But nowadays I really like UOB, since November they have been giving me promo rates for my maturing FDs, no need waste time transferring funds here and there.

This post has been edited by Gen-X: Jan 9 2015, 02:16 AM

Bro, UOB where got FD Cert? UOB, OCBC and if not mistaken RHB too are Statement Based where no certs are issued.

Click here to read the article A Little Bit Of This and A Little Bit OF That Vol.1, Chapter VII where I highlighted on this matter. I mentioned that the FD acknowledgement copy can be thrown into the rubbish bin without any worries. I also mentioned the pros and cons of Statement Based Term/Fixed Deposit versus Certificate Type Fixed Deposit.

As for MBB 12 months step up, Monday onwards the Effective Interest Rate will be 4.07% even for Premier Wealth customers, Not sure for Private Banking customers if they still offering 4.2% as mentioned earlier by Pinnacle1295.

From what I know, if you withdraw prior to the first 3 months (which is the first "phase" of the step up), you will not get any dividend (yes, it is Islamic Term deposit). For subsequent months, if you make any withdrawals, the T&C did not specifically state the penalty but something like depending on Profit Sharing and also you may need to pay rebate. Click here to my Fixed Deposit Page if you want to see the breakdown of the Interest Rate Step Up Phases (can't think of a better word of hand, hahaha) again

Bro, if you ask me, PBB step up 12 months better, besides higher effective interest rate, the T& clearly states how much you will be paid should you uplift the FD and the end of the first 6 months. However, PBB also did state that the interest rate for the subsequent next 6 months is not guaranteed and subjected to OPR. And I guess why PBB can change the interest rate is because the Promo is joint with Term Deposit-i and we know that for Islamic Banking products, there is no such thing as guaranteed interest rate but dependent on profit sharing.

This post has been edited by Gen-X: Jan 9 2015, 11:47 PM

hahaha, that goat so mad with UOB that he got confused and thought that UOB issuing FD certs.

Bro, Maybank FD promos mostly under table promo, mana ada link, some of their staff don't even know the exact details of the promo, e.g. MBB staff told bbgoat that the 4.12% promo valid until end of the year Last time the 4% upfront FD Attack some MBB staff also not aware. No lah, it is not that they insincere, if you do not withdraw before the agreed tenure, no issues.

It is just that PBB Step Up have been looking good because they had to revised upwards the effective interest rates to be competitive and retain the previous customers who got lower interest rates for the first 6 months. Maybank on the other hand, allows companies and societies to enjoy their FD/TD promos and as such usually their promo hit quota very fast and ends earlier than expected.

This post has been edited by Gen-X: Jan 10 2015, 01:12 AM

Bro, like magika said, the piece of paper that OCBC gives you when you place a FD is not required when you withdraw the same FD. Like I said in my article, for Statement Based FD, all one needs to bring along to the bank to perform withdrawal is his body, NRIC and then perform a biometric scan of his/her thumb print, that's all.

Well, you now know he's not reliable, hahaha.

MBB don't usually change dates, just that their promo may end earlier than scheduled if quota reached like for most FD promos. But if it's applicable in this case, MBB promo ended 11.5 months earlier, hahaha

Anyway, there is no way one can make any mistake if they had read the MBB marketing sheet provided to their staff where it clearly states promo for 4.12% ends on 9th January and 4.07% starts on 10th January.

This post has been edited by Gen-X: Jan 10 2015, 11:43 PM

Bro, since you ask a question, out of courtesy I shall reply (and earn another post count)..... reason is because you and I got nothing to post about latest FD Promos

Well, actually I have some new info, someone told me yesterday when he went to OCBC Bank on Friday; and, OCBC still offering 4.2% for 12 months valid until end on January 2015. However, I can't reconfirm the accuracy of the info at this time. Moreover, my RM at OCBC changed again!! So I don't even know who is my RM so I can call and reconfirm. So, we just have to wait until I go to OCBC or when OCBC update their T&C for their FD Promo or someone else reconfirm this here.

Odd- as of today, it has been more than a week since 1st January but OCBC has yet to update their FD Promo's T&C online.